Type
Merger/Acquisition
Country
Germany
Region
Niedersachsen;
Location of affected unit(s)
Hanover, Gronau
Sector
Manufacturing
Manufacture For Transport Equipment
Manufacture Of Motor Vehicles, Trailers And Semi-Trailers
29.3 - Manufacture of parts and accessories for motor vehicles

600 jobs
Number of planned job losses
Job loss
Announcement Date
20 November 2008
Employment effect (start)
20 November 2008
Foreseen end date
31 December 2008

Description

On 20 November 2008, the US-American company Wabco announced to cut approximately 600 jobs at its German sites by the end of 2008. Wabco produces braking and control systems for trucks. In detail, 300 temporary agency workers and employees holding a fixed-term contract have to leave the company. In addition, another 300 employees holding an open-ended contract are to loose their jobs. Sites affected are located in Hanover and Gronau (Lower-Saxony). Currently, Wabco employs 2900 staff in Germany.


Sources

  • 20 November 2008: Financial Times Deutschland

Citation

Eurofound (2008), Wabco, Merger/Acquisition in Germany, factsheet number 67439, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67439.